Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

Summary: Trading 212 allows investors to speculate on cryptocurrency prices via Contracts for Difference (CFDs), without owning the digital assets. However, it does not offer direct crypto purchases.

For direct cryptocurrency trading, eToro is a strong alternative, offering over 4,500 assets, including cryptocurrencies, with a competitive fee structure. eToro's regulated and secure platform makes it an attractive choice for diversifying an investment portfolio with direct crypto ownership.

Top Trading 212 Crypto Alternative
5.0 out of 5.0 by Datawallet.

eToro stands out as the best alternative to Trading 212 for crypto trading, offering a secure, user-friendly platform with a wide range of real cryptocurrencies and competitive fees.

Licensing & Regulation

The FCA, CySEC and other Tier-1 Regulators.

Available Assets

4,500 Cryptocurrencies, Stocks, ETFs and more.

GBP & EUR Deposit Methods

Bank Transfers, SEPA, Debit Card and more.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

Can I Buy Bitcoin with Trading 212?

Trading 212 allows users to invest in Bitcoin and cryptocurrencies via Contracts for Difference (CFDs) rather than direct purchases. CFDs enable investors to speculate on the price movements of various digital assets without owning the underlying coins.

Be aware of the risks with CFDs, like market volatility and complexity. For actual ownership of digital assets, use a dedicated cryptocurrency exchange in the UK to buy and transfer cryptocurrencies to a personal wallet.

How to Buy Crypto with a Trading 212 Alternative

For UK and European individuals seeking cryptocurrency options beyond Trading 212, eToro is a notable alternative. eToro is known for its extensive asset portfolio, offering over 4,500 cryptocurrencies, stocks, and ETFs. The platform is user-friendly and adheres to strict regulatory standards in the UK and Europe, ensuring a secure trading environment. With a global user base exceeding 30 million, eToro is a trusted platform for crypto investments.

Here's a straightforward guide to get started:

  1. Account Creation: Visit eToro's website and follow the simple setup process, including essential identity verification to meet security and regulatory standards.
  2. Funding the Account: Use the 'Deposit Funds' button on the dashboard to start your investment journey.
  3. Deposit Choices: Choose your deposit amount and currency. eToro supports multiple deposit methods to suit various user preferences.
  4. Crypto Investment: Once your account is funded, explore and invest in the wide range of cryptocurrencies available on eToro.
Buy Crypto with a Trading 212 Alternative

What are the Fees?

In crypto CFDs, ETFs, and other products on Trading 212, there are no explicit fees. Instead, the platform employs a spread, which is the difference between the buy and sell prices, typically around 1%. This spread represents the cost to users.

Comparatively, eToro also uses a spread-based fee structure. However, eToro distinguishes itself by offering direct cryptocurrency purchases, enabling broader investment options and self-custody of assets. This feature sets eToro apart from Trading 212, which primarily focuses on derivative-based, indirect crypto investments.

Will Trading 212 Offer Real Crypto Assets?

Trading 212 removed crypto assets from its platform in early 2021 due to high risks, making it unlikely they will reintroduce direct cryptocurrency investments soon. This move shows Trading 212's cautious approach within the UK and Europe's regulatory frameworks.

Reintegrating cryptocurrencies would require significant investments in technology and security, and a change in risk assessment strategy. Since there are no signs of such a change, Trading 212 will likely continue focusing on its current financial products, excluding direct cryptocurrency transactions.

Trading 212

Bottom Line

While Trading 212 provides a way to speculate on cryptocurrency prices through CFDs, it does not offer direct cryptocurrency purchases. For those seeking actual ownership of digital assets, platforms like eToro present a reliable alternative, offering a broad range of cryptocurrencies and the ability to self-custody assets. Consider the risks and fee structures of each platform to make an informed investment decision.